EURCAD

It seems to be that this is the point of reversal on lower time frames.
Weekly/ daily timeframe - a huge triangle - a breakout - a flag

LTF - the impulsive decline looks completed, at least all internal waves look to be in place.

What it means also:

- is EURUSD set for a larger correction?
- if CAD weakens, is this a signal for a stronger oil?

What do you think?

Trade safe